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729 N Central
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5556-64 W Jackson Blvd
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6148-50 N Francisco Ave
(847) 496-0877
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4114 W Washington Blvd
(224) 328-2929
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701 S Karlov Ave
(312) 210-8930
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1145-49 N LeClaire Ave
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5948 W Superior
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1115 S Karlov Ave
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4814 W Monroe
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330 N Pine
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Private Bedroom in Sunny Lakeview Home With Patio
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Private Room in Bright Wicker Park House Near Blue Line
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Private Bedroom in Classic Wrigleyville Apartment One Block From the Lake
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721 W. Belmont
(312) 874-5160
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6812 N Wayne Ave
(773) 698-6648
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3838 N. Broadway
(312) 345-6341
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1101 W. Columbia
(312) 516-4251
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418-24 S Laramie Ave
(312) 210-8930
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5001 W Adams St
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2542 S Trumbull
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5448 W Adams St
(312) 210-8930
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1509 S Kenneth Ave
(312) 210-8930
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400-02 S Kilbourn Ave
(312) 210-8930
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5504-12 S Wabash Ave
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2610 N Laramie Ave
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3054-58 N Kolmar Ave/4539-53 W. Barry
(224) 706-1035
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6825 N. Sheridan Rd
(847) 306-6586
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4815-23 W Cortez St
(312) 210-8930
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The Magnolia at Uptown
(773) 271-6143
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7450-7456 N Greenview Ave
(773) 271-6143
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Apartments Under $1,200 in Chicago, IL

1 of 1,286 Results
7
$995
729 N Central
729 N Central Chicago, IL
1 BR | Available Now
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Austin
6
$1,070 - 1,130
5556-64 W Jackson Blvd
5556 W Jackson Blvd Chicago, IL
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Austin
18
$1,200
6148-50 N Francisco Ave
6148 N Francisco Ave Chicago, IL
1 BR | Jul. 1, 2023
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Heat Included
Dog Friendly
Cat Friendly
Storage
West Ridge
6
$825 - 900
4114 W Washington Blvd
4114 W Washington Blvd Chicago, IL
Studio - 1 BR | Available Now
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Dog Friendly
Cat Friendly
In Unit Laundry
Garfield Park
5
$930
701 S Karlov Ave
701 S Karlov Ave Chicago, IL
1 BR | Available Now
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Dog Friendly
Cat Friendly
Garfield Park
8
$1,170
1145-49 N LeClaire Ave
1145 N Leclaire Ave Chicago, IL
2 BR | Apr. 22, 2023
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Austin
7
$750
5948 W Superior
5948 W Superior Chicago, IL
Studio | Available Now
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Austin
5
$1,050
1115 S Karlov Ave
1115 S Karlov Ave Chicago, IL
1 BR | Apr. 7, 2023
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North Lawndale
15
$1,105
4814 W Monroe
Deal
4814 W Monroe Chicago, IL
3 BR | Available Now
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Dog Friendly
Cat Friendly
Austin
16
$880 - 1,135
330 N Pine
330 N Pine Chicago, IL
1 BR | Available Now
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Dog Friendly
Cat Friendly
Austin
10
3D Tour
$750 - 835
PER
ROOM
Private Bedroom in Sunny Lakeview Home With Patio
Deal
1452 W School St Chicago, IL
1 BR | Available Now
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Heat Included
Virtual Tour
In Unit Laundry
Dishwasher
Lakeview
10
3D Tour
$915 - 920
PER
ROOM
Private Room in Bright Wicker Park House Near Blue Line
Deal
1638 W Blackhawk St Chicago, IL
1 BR | Available Now
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Heat Included
House
In Unit Laundry
Dishwasher
Wicker Park
11
3D Tour
$795
PER
ROOM
Private Bedroom in Classic Wrigleyville Apartment One Block From the Lake
Deal
4008 N Clarendon Ave Chicago, IL
1 BR | Available Now
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Heat Included
Virtual Tour
In Unit Laundry
Uptown
30
$1,015
721 W. Belmont
3.6
Chicago, IL
Studio | Ask for Availability
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Cat Friendly
Virtual Tour
Air Conditioning
Fitness Center
Dishwasher
6
$999
6812 N Wayne Ave
Chicago, IL
1 BR | Available Now
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Dog Friendly
Cat Friendly
In Unit Laundry
Dishwasher
Rogers Park
41
$935
3838 N. Broadway
2.7
Chicago, IL
Studio | Ask for Availability
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Cat Friendly
Virtual Tour
Air Conditioning
Fitness Center
Storage
23
$945
1101 W. Columbia
5.0
Chicago, IL
Studio | Ask for Availability
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Heat Included
Cat Friendly
Virtual Tour
Dishwasher
Rogers Park
12
$980
418-24 S Laramie Ave
418 S Laramie Ave Chicago, IL
1 BR | Available Now
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Dog Friendly
Cat Friendly
Austin
10
$1,060
5001 W Adams St
5001 W Adams St Chicago, IL
1 BR | Available Now
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Austin
5
$1,090
2542 S Trumbull
2542 S Trumbull Chicago, IL
3 BR | Available Now
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Little Village
7
$1,005
5448 W Adams St
Chicago, IL
2 BR | Available Now
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Austin
8
$1,120
1509 S Kenneth Ave
Chicago, IL
2 BR | Available Now
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North Lawndale
10
$895
400-02 S Kilbourn Ave
400 S Kilbourn Ave Chicago, IL
1 BR | Available Now
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Dog Friendly
Cat Friendly
Garfield Park
6
$1,000 - 1,025
5504-12 S Wabash Ave
5504 S Wabash Ave Chicago, IL
2 BR | Available Now
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Washington Park
18
$1,150
2610 N Laramie Ave
2610 N Laramie Ave Chicago, IL
2 BR | Available Now
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Belmont Cragin
12
$1,200
3054-58 N Kolmar Ave/4539-53 W. Barry
3054 N Kolmar Ave Chicago, IL
1 BR | Apr. 10, 2023
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Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Balcony, Deck, Patio
11
$1,095 - 1,150
6825 N. Sheridan Rd
6825 N Sheridan Rd Chicago, IL
Studio - 1 BR | Available Now
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Storage
Dishwasher
Rogers Park
7
$1,175
4815-23 W Cortez St
4815 W Cortez St Chicago, IL
2 BR | Available Now
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Austin
10
$1,013
The Magnolia at Uptown
4875 N Magnolia Ave Chicago, IL
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
Storage
4
$1,150 - 1,200
7450-7456 N Greenview Ave
Chicago, IL
Studio | Available Now
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Dog Friendly
Cat Friendly
Fitness Center
Storage
Disability Access
1 - 30 of 1,286 Results
  1. Home
  2. Chicago
  3. Apartments Under $1,200

How much does it cost to rent an apartment in Chicago?

Chicago Apartments
Bed Type Average Rent Range
Studio $1,300 $800 - $2,330
1BR $1,900 $900 - $3,030
2BR $2,160 $1,000 - $4,400
3BR $2,640 $1,180 - $7,050
4+BR $3,250 $1,250 - $14,490
Frequently Asked Questions

How many apartments are available in Chicago, IL on Rentable.co?

Rentable.co has over 178,363 apartments available in Chicago.

What is the average rent for a studio apartment in Chicago, IL?

The average rent for a studio apartment in Chicago is around $1,300 per month.

What is the average rent for a one-bedroom apartment in Chicago, IL?

The average rent for a one-bedroom apartment in Chicago is around $1,900 per month.

What is the average rent for a two-bedroom apartment in Chicago, IL?

The average rent for a two-bedroom apartment in Chicago is around $2,160 per month.

How expensive is living in Chicago, IL?

Based on average rent prices in Chicago, to afford a studio apartment you would need an annual salary of $52,000 to live comfortably.

How many apartments under $1,200 are available in Chicago, IL on Rentable.co?

Rentable.co has 1,286 apartments under $1,200 available for rent in Chicago.

Which neighborhoods have the most apartments under $1,200 for rent in Chicago, IL?

  1. South Shore
  2. Lakeview
  3. Austin
  4. Rogers Park
  5. Chatham

Asset 2
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Apartments by Affordability
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Chicago:
March Rent Report

Welcome to the March 2023 Chicago Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2023 key findings and figures for the Chicago rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Chicago and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Chicago average rent prices in the chart below.

Monthly Rent Report

Chicago Rent Prices Increase From February to March

Chicago rent prices increased over the last month. From February to March, the city experienced a 0.87% increase for the price of a one-bedroom apartment. The rent price for a Chicago one-bedroom apartments currently stands at $1,850.0.

When we take a look at the two-bedroom comparison from February to March, Chicago experienced a -0.55% decrease for the price of a two-bedroom apartment. The rent price for a Chicago two-bedroom apartments currently stands at $2,154.0.

March Prices: Chicago vs. Surrounding Areas

Rent Prices in Chicago and Surrounding Areas

Rent prices have increased in Chicago over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Chicago suburb increased last month. On the other hand, 6 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Oak Park, IL .

  • Rent decreased in Evanston, IL, Lombard, IL, Naperville, IL, Arlington Heights, IL, Downers Grove, IL, Schaumburg, IL.

  • 7 suburbs are currently priced lower than the city of Chicago.

March 2023 Pricing Trends: Chicago vs. National Comparisons

Chicago Rent Prices More Affordable Than Major Cities

Rent growth in Chicago over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Chicago average rent prices appear to be relatively affordable for local residents.

The price for a Chicago one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Chicago and surrounding area rent prices, take a look at the complete data set below.

Data set for Chicago and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Chicago, IL $1,834.0 1.83% $2,166.0 0.84%
Evanston, IL $1,466.0 -4.93% $1,759.0 -0.73%
Lombard, IL $1,703.0 -1.62% $2,416.0 -2.03%
Naperville, IL $1,501.0 -0.33% $1,858.0 -1.85%
Arlington Heights, IL $1,399.0 -1.62% $1,628.0 -1.75%
Oak Park, IL $1,218.0 0.66% $1,673.0 -3.18%
Downers Grove, IL $1,582.0 -0.06% $1,672.0 -0.42%
Schaumburg, IL $1,577.0 -4.08% $1,946.0 0.31%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.